Bloomberg In an eerily quiet nuclear reactor hall in southern Sweden, new copper and steel machinery stretching 50 meters and weighing hundreds of tons is just sitting idle. Bought from France and Germany as part of a $450 million upgrade at the now defunct Oskarshamn-2 facility, the turbines, steam pipes and feed-water pumps were supposed to help supply cheap electricity ...

Bloomberg Oil pared gains after the industry-funded American Petroleum Institute was said to report a jump in fuel stockpiles last week. API was said to report that US gasoline stockpiles rose by 4.08 million barrels last week, outweighing a 4.62 million-barrel drop in crude supplies. Distillate stocks incre- ased by 1.75 million barrels. A Bloomberg survey found that US crude ...

Bloomberg The governments of Germany, Denmark and Belgium backed a pledge to install 60 gigawatts of new offshore wind power next decade, more than fivefold existing capacity. Energy ministers from the three countries joined chief executives from 25 companies including Dong Energy A/S, the world’s biggest offshore wind developer, to issue a statement pledging to work together to increase investment ...

Bloomberg India’s bustling e-commerce transactions and a planned new national tax system that’s expected to boost freight movement are prompting Deutsche Post DHL Group to expand warehouse capacity in one of the world’s fastest growing major economies. “We see business-to-consumer as the next big challenge, a big growth area and we really want to tap into that through businesses such ...

Bloomberg Sony Corp. shares are undervalued and could rise as much as 39 percent, Oasis Management’s Seth Fischer said at the Sohn Conference in Hong Kong. Sony has undergone a massive turnaround since Chief Executive Officer Kazuo Hirai took the helm in 2012, jettisoning unprofitable businesses such as its Vaio personal computer unit, the chief investment officer of the Hong ...

Bloomberg China is prepared to increase its holdings of US Treasuries under the right circumstances, as officials judge the assets are becoming more attractive than other sovereign debt and as the yuan stabilizes, according to people familiar with the matter. Treasuries surged on the news, driving yields to the lowest since November. The people didn’t specify the exact circumstances for ...

Bloomberg Land prices in Tokyo’s central Chuo ward, home to the famous Ginza shopping district, have jumped by 51 percent in four years. In Osaka, they are up by nearly half. Booming construction of hotels, office buildings, shopping centers and apartments, financed by record lending for real estate by Japanese banks, has driven the gains. Now some investors surveying Japan’s ...

Bloomberg The head of the US Food and Drug Administration is considering using the agency’s powers to bring more price competition to the market for generic drugs, targeting high-priced products by prioritizing the approval of additional competing treatments. FDA Commissioner Scott Gottlieb said in an interview that the agency is looking at how to push applications to the front of ...

Bloomberg German factory orders fell after two consecutive months of expansion in a sign that growth in Europe’s largest economy may be steadying after a strong start of the year. Orders, adjusted for seasonal swings and inflation, dropped 2.1 percent in April, after expanding an upwardly revised 1.1 percent in March, data from the Economy Ministry in Berlin showed on ...

Bloomberg Dish Network Corp. must pay $280 million to the US and four states for using robocalls to consumers on do-not-call lists, marking what the government says is a record fine for telemarketing violations. US District Judge Sue Myerscough issued the order, directing the company to pay $168 million to the federal government and $84 million to California, Illinois, North ...